A rally in equities sputtered out after a report that U.S. and Chinese negotiators remain at odds on aspects of their current trade talks; Australia’s three-year bond yield dropped below the central bank’s policy rate for the first time since September 2016, underscoring how growth jitters are fuelling bets for interest-rate cuts globally; China’s economy is poised to stabilize in 2Q as stimulus starts to gain traction. A pickup in investment and retail sales suggests domestic demand is steadying. Weaker global demand continues to drag on industrial output; Copper futures gained for a third straight session amid persistent supply concerns and a jump in options trading in the metal; Palladium topped $1,600USD an ounce for the first time, and there’s little sign of the rally slowing as global supply tightens. The price of the metal – mainly used in auto catalysts in gasoline vehicles – has almost doubled from a recent low in August;
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